Court bars NNPC, petroleum ministry from allocating crude to oil firm | The Guardian Nigeria News - Nigeria and World News

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A Federal High Court in Lagos has directed the Nigerian National Petroleum Corporation (NNPC), Ministry of Petroleum Resources and National Petroleum Investment & Management Respondent Services (NAPIMS) from allocating crude oil to Addax Oil Exploration Plc. Justice Tijjani Ringim held that the firm should not be allocated crude oil explored from OMLS 123, 124, 126 […]

A Federal High Court in Lagos has directed the Nigerian National Petroleum Corporation , Ministry of Petroleum Resources and National Petroleum Investment & Management Respondent Services from allocating crude oil to Addax Oil Exploration Plc. Justice Tijjani Ringim held that the firm should not be allocated crude oil explored from OMLS 123, 124, 126…

The Federal Government and the Attorney-General of the Federation are the plaintiffs in the suit, while Addax Petroleum Development of Limited and Addax Petroleum Exploration Limited are the first and second defendants/respondents. The judge agreed with the government that it would serve the interest of justice to preserve the rest owing to the government’s claim that Addax Petroleum is taking steps to liquidate some of its subsidiaries in Nigeria.

 

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